Analyzing Okeanis Eco Tankers (NYSE:ECO) & Euronav (NYSE:CMBT)

Euronav (NYSE:CMBT) and Okeanis Eco Tankers (NYSE:ECO) are both transportation companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, earnings and analyst recommendations.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Euronav and Okeanis Eco Tankers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Euronav	0	0	0	0	N/A
Okeanis Eco Tankers	0	0	1	0	3.00

Okeanis Eco Tankers has a consensus price target of $44.00, indicating a potential upside of 74.33%. Given Okeanis Eco Tankers’ higher probable upside, analysts plainly believe Okeanis Eco Tankers is more favorable than Euronav.

Valuation & Earnings

This table compares Euronav and Okeanis Eco Tankers”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Euronav	$1.04 billion	2.58	$858.03 million	$6.01	2.21
Okeanis Eco Tankers	$403.85 million	2.01	$145.25 million	$3.78	6.67

Euronav has higher revenue and earnings than Okeanis Eco Tankers. Euronav is trading at a lower price-to-earnings ratio than Okeanis Eco Tankers, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Euronav and Okeanis Eco Tankers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Euronav	112.38%	22.35%	11.43%
Okeanis Eco Tankers	30.17%	28.35%	10.54%

Dividends

Euronav pays an annual dividend of $0.75 per share and has a dividend yield of 5.6%. Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 17.4%. Euronav pays out 12.5% of its earnings in the form of a dividend. Okeanis Eco Tankers pays out 116.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Summary

Euronav beats Okeanis Eco Tankers on 7 of the 12 factors compared between the two stocks.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.